Majority of American millionaires support a wealth tax on American millionaires

When Elizabeth Warren proposed a Thomas Piketty-style wealth tax (2% annually on family fortunes over $50m, 1% more on fortunes over $1b), she ballparked the returns at $1.9-2.75t over the first ten years. Read the rest

All weekend, California Democrats booed neoliberal would-be presidents who talked down the Green New Deal and Medicare for All

John Delaney (a finance friendly millionaire) wants to be the Democratic presidential candidate in 2020, and he thinks he knows how to win: "Medicare for all may sound good but it's actually not good policy nor is it good politics." It's an idea so unpopular with California Democrats that it attracted a full minute of heartfelt boos when he assayed it last weekend. Read the rest

Congressional shaming prompts notorious Pentagon price-gouger to refund $16.1m

Transdigm is a notorious military supplier/hedge fund that used acquisitions to attain a monopoly over many spare parts so they could charge exorbitant markups -- as high as 4,451%! -- on materials procured with tax dollars. Read the rest

Bernie Sanders' "Thurgood Marshall Plan for Public Education" will desegregate schools, defund charters, pay teachers, end the school-to-prison pipeline

Bernie Sanders has released A Thurgood Marshall Plan for Public Education, a detailed and bold suite of public education reforms reminiscent of the kinds of policy planks being laid down regularly by rival candidate Elizabeth Warren (I'm a donor to both Sanders' and Warren's campaigns). Read the rest

Elizabeth Warren calls for a zero-emissions military, serviced by zero-emissions contractors

In her latest detailed policy proposal, would-be 2020 Democratic presidential nominee Elizabeth Warren sets out a Green New Deal for the US military, whose own policy analysts have identified climate change and energy independence as serious risks to US security. Read the rest

Elizabeth Warren's bold, risky, well-intentioned plan to improve health outcomes for African-American mothers giving birth

African-American women suffer a much higher level of maternal mortality than the national average, and Elizabeth Warren has proposed a bold -- but high-risk -- plan to incentivize hospitals to root out the institutional, systemic racism that produces these terrible outcomes. Read the rest

Sanders and AOC team up for an anti-loansharking bill that will replace payday lenders with post-office banking

Yesterday, Senator Bernie Sanders and Rep Alexandria Ocasio-Cortez jointly introduced The Loan Shark Prevention Act, which will cap credit card interest rates at 15% (and closes the loopholes that lets credit card issuers exceed their stated APRs with the use of hidden fees) and which re-establishes American post-office banking. Read the rest

Bernie Sanders announces a farmers' right-to-repair and antitrust proposal similar to Elizabeth Warren's

Bernie Sanders' latest campaign plank is a suite of agricultural reforms similar to the ones proposed by Elizabeth Warren in March, including a national right-to-repair law for agricultural equipment, antitrust breakups of agribusiness seed, meatpacking and fertilizer monopolies, patent law reform to curb abuses of seed patents, reform of US trade agreements to support "domestic food security", rationalized supply management and a grain and feed reserve, national disaster coverage, relief for family farm bankruptcies, pro-diversity policies for 4H and other agricultural pipelines, incentives for regional co-ops, and a suite of climate change remediation measures. Read the rest

AOC endorses Elizabeth Warren's Big Tech breakup plan

Elizabeth Warren wants to break up Big Tech, a thoroughly excellent idea with many devils in the details: AOC backs her play: "Facebook as a basic communications platform while also selling ads and also being a surveillance platform. Those functions should be broken up, but how that gets levied and how that gets approached is what we need to take a fine-tooth comb at." Read the rest

Elizabeth Warren proposes debt relief for Puerto Rico

Puerto Rico has endured decades of looting and austerity from the finance sector who then used the pretense of Hurricane Maria to impose radical financial policies on the island, dismantling the statistics agency that would track how those reforms punished the people of Puerto Rico, while filling the streets with armed, anonymous mercenaries. Read the rest

The DCCC is sabotaging Marie Newman's primary challenge to Dan Lipiniski, a hereditary, anti-choice, anti-minimum-wage, homophobic "Democrat"

Dan Lipiniski is the worst Democrat in Congress, a man who literally inherited his seat from his father and has spent his career in Congress opposing minimum wage laws, access to abortion, and rights for LGBTQ people, taking massive contributions from literal railbarons in exchange for fighting railroad safety rules. Read the rest

Joe Biden kicks off his presidential bid with a fundraiser hosted by Comcast's chief lobbyist

Joe Biden, a colossal asshole, wants to be the Democratic nominee for president in 2020 and in the most on-brand move ever, he's launched his campaign with a fundraiser hosted by the chief lobbyist for Comcast, the most hated company in America. (Image: Ildar Sagdejev, CC-BY-SA) Read the rest

A Sanders candidacy would make 2020 a referendum on the future, not a referendum on Trump

One thing that immediately struck me in Lauren Gambino's excellent analysis of the Democratic nomination campaigns in The Guardian: a quote from GOP never-Trump political consultant Rick Wilson, who counseled Democrats not to select Bernie Sanders and make the election about actual policies, "Democrats have two choices: make this a referendum on Donald Trump or lose. That’s it. There are no other options." Read the rest

Elizabeth Warren's latest proposal: cancel student debt, make college free

Elizabeth Warren has proposed a $1.25 trillion plan to forgive student debts and make all public college and university undergraduate education free, as well as earmarking $50B for historically Black colleges, and expanding federal grants to help pay for all students' non-tuition expenses. Read the rest

Wealthy Dems and their backers hate Bernie (and Warren) for the same reason they hated Kucinich: he wants to tax the rich

Matt Taibbi's (previously) latest Rolling Stone column traces the long history of rich Democrat donors and the officials whom they fund attacking progressive candidates, showing how the same playbook used to attack Dennis Kucinich in 2003 is now being rolled out to attack Bernie Sanders and Elizabeth Warren (I am a donor to both the Sanders and Warren campaigns). Read the rest

Bernie Sanders outraised every other Democrat in North Carolina

One major tactical consideration for Democrats in selecting their candidate for the 2020 presidential election is whether that candidate can garner support in flippable red states, like North Carolina: that's why it's so important that Bernie Sanders outraised every other would-be Democrat nominee in NC this year, bringing in $48,000 (his nearest competitor, Pete Buttigieg, raised $32K, while Kamala Harris raised $29K and Elizabeth Warren raised $20K) (I am a donor to both the Sanders and Warren campaigns). Sanders also outraised every other Democrat nationally and leads in polls with key traditional Democrat voting groups, including Hispanics. (Image: Gage Skidmore< CC-BY-SA) (via Naked Capitalism) Read the rest

The two hidden intellectual moves behind the "progressive" argument against free college

Pete Buttigieg is one of the prominent members of the progressive wing of the Democratic party who opposes free college tuition, on the ground that the "benefits" of college accrue to those who attain a degree and that it's unfair to ask the majority, who don't attend college, to subsidize the minority who do. Read the rest

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